The goal of fiscal management is to maintain fiscal
records and procedures of the Agency that provides protection for the resources
of the Agency as well as records and procedures, which generate economy,
effectiveness and efficiency of the operation.

The Agency will operate under State Department of Public
Instruction ordered Generally Accepted Accounting Principles (GAAP).

Priority
Objectives:

1.Record
keeping, which protects the Agency and its clients from misuses and/or abuse of
its resources.

2.Fiscal
management that establishes economy in purchase and operations of the Agency and
its programs.

3.Fiscal
management that readily accesses information for purposes of decision-making.

4.Fiscal
record keeping that provides the Agency's constituents and the general public
with accountability for its operation in an easily understandable format.

5.Detailed
budgeting of all CESA 8 sponsored activities to insure that each program is
satisfactorily funded and that costs are substantiated and equitable.

ACCOMMODATING
PURCHASES

It shall be the policy of the CESA 8 Board of Control to
prohibit accommodating purchase for any reason. This policy is designed to
protect the Agency's status as a tax-exempt organization.

Accommodating purchases are defined as any purchase of
supplies, equipment, or services made for an individual in the name of CESA 8.
Accommodating purchases might be made in order to take advantage of school
pricing or to avoid payment of sales tax.

Reprimands will take place as determined by the Agency
Administrator and Fiscal Manager.

An audit of all accounts of the agency will be conducted
annually by an independent auditing firm who is authorized to conduct such an
audit by the Department of Public Instruction.The board has the authority to hire the auditing firm annually.Upon completion of the audit, representatives of the auditing firm, if
requested by the board, will make a presentation to the board on the results of
their audit.If the board does not
specifically request representatives of the auditing firm, the Fiscal Manager
will present the audit.The
auditing firm will complete all forms as requested by the Department of Public
Instruction regarding the annual audit.

ANNUAL
OPERATING BUDGET

The Fiscal Manager shall be responsible for informing the
Agency Administrator and the CESA 8 Board of Control of all fiscal matters and
shall use professional judgment in maintaining sound fiscal policy in the
operation of all Cooperative Educational Service Agency 8 activities.

The Agency fiscal year shall be July I through June 30.

The CESA 8 Administration, Fiscal and Building budgets
will be prepared by the Fiscal Manager under the direction of the Agency
Administrator and will be approved by the CESA 8 Board of Control at the July
board meeting.

Budget deadlines and schedules will be set by the Fiscal
Manager, as appropriate, for the best working relationship to meet school
district needs.

Budget planning will be a cooperative effort of the
program director, consultants, advisory councils when appropriate, and the
Fiscal Manager.Budgets are
estimates of income and expenditures to conduct a specific program of the
agency.Budget changes shall be
submitted to the appropriate funding authority on a timely basis to ensure CESA
8 receives the revenue from the granting agency.

Budgets for joint-sponsored projects must be approved by
the administrators of all sponsors.Amendments
to the budget should be made in accordance with the following policies:

1.Budget
changes not affecting payments to employees of the sponsoring agency would
require approval by the project managers.

2.Budget
changes affecting payments to employees of the sponsoring agencies or districts,
including project managers, would require approval by all administrators.

Budget priorities will be a continuous process to be
determined by the program Directors/Consultants with input from districts
through advisory councils, as appropriate, theAgency Administrator and the Fiscal Manager.All changes over ten percent (10%) will be approved by the Agency
Administrator.

The Fiscal Manager shall be authorized to make intra-fund
and inter-fund transfers during the fiscal year for the smooth operation of
Agency programs.

Budgets for EEN programs in Fund 97 will be prepared by the special
education department in February for the following school year.School district contracts will include those budget figures.School districts will only be charged the actual expenditures of their
portion from each program.

AUTOMOBILES
AND OTHER VEHICLES

In the operation of the agency, it may be necessary for CESA 8 to own or
lease automobiles and other vehicles.The
Board of Control will make the final determination as to the number of vehicles
owned or leased by CESA 8 based on the recommendations of the Agency
Administrator.The administrator
shall keep the board informed on the number of vehicles it owns and on the
conditions of the automobiles and vehicles annually.

The administrator will make recommendations to the board on the
replacement of various automobiles and vehicles based on condition, mileage and
age of the vehicles.The vehicles
to be replaced shall either be traded in or sold by the agency.The board will make the final decision if a replacement of an automobile
or vehicle is to be made.

When an automobile or vehicle needs to be purchased or leased, the board
will authorize the administrator to prepare specifications and send them to
various automobile dealers within the agency and to auto dealers who previously
bid on automobiles.Likewise, bid
notices shall be published in daily newspapers within the agency.A deadline date will be set for accepting all bids.After all bids have been secured, the administrator will
prepare a bid sheet listing all bidders and their prices.The board will then make the decision as to what bid to
accept in the best interest of the agency.

The Agency Administrator will assign the automobiles and vehicles to
certain employees of the agency in accordance with their job responsibilities.It is the responsibility of the person to whom a vehicle is assigned to
see that the vehicle is properly serviced and maintained.They also are responsible to notify the administrator of malfunctions,
which could affect the safe operation of the vehicle.When a CESA vehicle is in the shop for planned maintenance,
employees will need to use their own vehicles.

Cellular Phone Reimbursement

CESA 8 recognizes the utility of
cellular phones as a tool in our workplace.Though CESA 8 does not own any cellular phones (except for the delivery
van), we have determined the need to pay for the work related use of personally
owned units.Therefore, the
following are the parameters of submitting a billing statement for payment on
the monthly expense request:

a.CESA 8 will pay for all call costs (roam, long distance, and minutes)
attributable to CESA 8 activities based on a detailed billing statement above
and beyond the plan minutes.

b.CESA 8 will pay a percentage of the basic plan plus voice mail, etc. (for
any plan up to $60 per month) based on the number of days the cell phone was
used for CESA 8 business.(For
example:the base is 21.7 work
days.If you have used it for CESA
8 business on 18 of those days, CESA 8 will pay for 83% of that costs [.83 X $60
= $49.80].)The number of days
claimed in a yearly July-June period must not exceed your yearly contract amount
(200 days, 210 days, 220 days, etc.).

c.CESA 8 will not pay for personal phone installation in either agency or
personal vehicles.

Unusual circumstances related to
your cellular phone usage should be discussed with the Agency Administrator.

Cellular phone use while operating
a motor vehicle is strongly discouraged.Employees
should plan cell phone use for times when they are not driving or should pull
over before talking. This means for both incoming and outgoing calls.

CONTRACTS

All services provided by CESA 8 to local school districts will be
initiated by the use of a written contract.The contract will indicate the services provided by CESA 8 along with the
estimated costs for such services.

All contracts must be approved by both the board of education of the
local school district and the CESA 8 Board of Control.Contracts will be signed by the Board President or Clerk and the District
Administrator of the local school district and by the Board of Control President
and the Board of Control Secretary/Administrator.Copies of the completed contracts will be issued to both parties.

DEPOSITORY

Annually, the Board of Control
will designate a financial institution or institutions to be the depository of
the funds of the agency.This
designation will occur at the July Board of Control meeting.The designation of the depository will be made in accordance
with state statute and the rules and regulations of the Wisconsin Department of
Public Instruction.

EXPENSE
REIMBURSEMENTS

CESA 8 staff shall be reimbursed upon presentation of an
itemized expense voucher for approved actual travel expenses as per contractual
agreement or by authorization and direction of the Agency Administrator. All
expenses over $5.00 must be accompanied by supporting receipts. The Agency
Administrator shall be empowered to allow CESA 8 directors and consultants to
attend out-of-state meetings related to present or future CESA 8 projects,
provided adequate funding is available.A
Prior Approval form must be filled out for any travel outside of the
employee’s normal working area (i.e., district’s or agencies served).The Agency Administrator's out of state travel shall be approved by the
Board of Control Chairperson.

Mileage will be paid for travel required as part of the
employee's work responsibilities forCESA
8. Such reimbursement will be the current IRS rate at the beginning of the
fiscal year. Mileage will not be paid for travel to and from an employee's home
and regularly scheduled place of work. When employees must begin or end their
workday at a location other than their regularly scheduled place of work,
mileage may be claimed for that distance which exceeds the distance between the
employee's home and regular place of work.

Other travel expenses will be paid for based on the current IRS rate at
the beginning of the fiscal year.Please
refer to the CESA 8 Current Reimbursement Allowances Chart for further detail on
allowable expenses and current amounts.

FACILITY
AND EQUIPMENT

The CESA 8 operation needs to have a facility in which to conduct its
business and house its staff, materials and equipment.CESA 8 has the responsibility to see that the facility provides a safe
and healthy environment for its employees and clients.The Agency Administrator of CESA 8 is responsible for the daily
operations of the facility.The building and grounds of CESA 8 should be inspected
periodically by the administrator to insure that all systems are operating
properly and all repair items are noted.Major
repairs and maintenance items must be brought to the attention of the Board of
Control for their review and decision.Non-work related objects shall not be used in any office to
endanger the safety or health of the employee in that office or other employees
in the building.Equipment may be
used by employee’s for personal purposes outside of regular business hours on
a cost reimbursement basis as determined by the administrator.

Utilities need to be monitored and conserved as much as possible.It is the responsibility of Agency Administrator or designee to oversee
the operations of the systems, which utilize the various utility products.The administrator is to make sure all heating; ventilating and cooling
systems are operating properly and efficiently.Likewise, it is the administrator’s responsibility to see
that electrical usage is controlled and used in an efficient manner.The administrator should order normal operating repairs, and adjustments,
and should correct any emergency situations.Major repairs and improvements (over $5,000) dealing with utility
operations must be approved by the board.

The CESA 8 facility must be secure so that all records, materials and
equipment are safe.All doors to
the office are to be locked each evening.Only
authorized personnel are to be issued keys to the building.Any person working in the office after normal operating hours
is responsible to sign in the after hours book and to see that the building is
locked and secure when they leave.

The equipment owned or leased by CESA 8 must be properly maintained and
be replaced when appropriate.The
Agency Administrator or designee is responsible to insure that all equipment is
properly maintained and used in a safe and efficient manner.Individual employees of the agency are to inform the administrator if
equipment is not operating properly.Likewise,
new equipment needs should be made known through the regular budget process so
that unexpected expenditures will not be needed.Emergency equipment purchases will be determined by the administrator
unless it is a major purchase (more than $5,000), which then needs board
approval.

The computer network will be adequate to perform the administrative
operations of the agency.Provision
for expansion, updating and maintenance of the network will be made within
reasonable limits, as to not overtax the budgets of the various CESA 8 programs.The acquisition of both hardware and software will be based on the goals
and objectives of the administrative services desired.Replacement of equipment or software to update to newer or faster
equipmentor software will be
purchased from the program budget, which the person works for.It is the responsibility of the Agency Administrator or designee to see
that the personnel who operate the computers are properly trained.The administrator is authorized to enter into maintenance agreements to
properly maintain the network equipment or to send it to proper repair
facilities for maintenance work.Printers,
scanners, digital cameras are the responsibility of the program directors.They have the discretion of having the equipment repaired or replaced out
of their program budgets. CESA 8
employees who use the equipment are responsible for the daily, weekly and
monthly maintenance of the equipment.

FISCAL
ACCOUNTING, REPORTING AND STATEMENTS

The CESA 8 Fiscal Manager will establish and maintain a
financial accounting system in accordance with applicable state and federal
laws, state department regulations, Board policies, and generally accepted
accounting principles. This financial accounting system will accurately reflect
the financial condition of CESA 8 and will provide appropriate reports to the
CESA 8 Board of Control and school districts.

The Board of Control will receive and make final approval
of all expenditures of the agency each month.

The Fiscal Manager shall provide the Agency Administrator
and the CESA 8 Board of Control with a regular report of the financial condition
of the Agency.This report shall
include:

1. a
detailed monthly report of all expenditures by check number.

2. a
financial summary showing the balance on hand as of the last day of the previous
month, totals of receipts and expenditures for current month

3. the
balance on hand for all accounts as of the last day of the current month as
reconciled with the bank statement

4. all
outstanding short-term debts and investments as of the last day of the previous
month.

Monthly expenditure and revenue reports will be distributed to the
appropriate project manager for them to review and keep on file for their
reference.Department personnel
will consult with the Fiscal Manager to develop reports that may be needed for
distribution to school districts or steering committees in order to assure that
the reports correctly state the position of the department and/or project.The reports shall be signed by the Fiscal Manager and Agency
Administrator.In addition the
Fiscal Manager shall:

1.Review
and establish financial systems in Agency departments, including specific
procedures being completed by department employees, approve all changes,
modifications and enhancements to financial systems.

2.Approve
the design, testing and implementation of any automated financial record-keeping
system being purchased or written for use in the departments.

3.Monitor
compliance with prescribed financial record-keeping procedures, including
timeliness of completion of procedures.

4.Provide
training to employees who work with financial systems of the Agency.

All financial reports required by state and federal regulations will be
completed as necessary.The Fiscal
Manager under the direction of the Agency Administrator is responsible for
having all financial reports completed and submitted as requested and/or
required by federal or state regulations.

FIXED
ASSET INVENTORIES

An annual fixed asset inventory of all furniture and
equipment valued at more than $500 shall be maintained under the supervision of
the Fiscal Manager for insurance purposes and property control. The fixed asset
depreciation spreadsheet will be maintained and current year depreciation
expenses will be charged out at the end of the fiscal year.A copy will be kept in the CESA 8 safe deposit box.

To
ensure complete records, the following information shall be maintained:

3.The
CESA 8 Board of Control encourages CESA 8 staff to apply for grants with the
additional guidelines:

a.Grants shall be designed to provide continued long-term benefits.

b.Grants which eventually may require local district financing must
initially have local district commitment.

c.Grants should be applied for when the Agency/program is able to commit to
and fulfill the purpose of each
grant.

4.The
Fiscal Manager shall directly supervise the preparation of all state and federal
grant applications and budgets.Supervise
the preparation of claims for reimbursement and other required grant financial
reports.

INSURANCE

It is necessary for CESA 8 to carry adequate insurance
coverage to see that all board members, employees and the agency itself is
protected in the event of lawsuits and accidents.The Agency Administrator has the responsibility to see that all needed
policies are in force.When the
time of a policy is to expire, the administrator shall inform the board and
secure the necessary information to help the board make a decision as to the
company and coverage desired for the agency.All policies shall cover all aspects of the CESA 8 operations and shall
protect the agency from any catastrophic loss.

CESA 8 will carry both property and liability insurance policies.The property coverage should be at the replacement value and with an
appropriate deductible amount.An
open and inlandmarine policy shall
also be a part of the property insurance policy.Appropriate liability coverage should be maintained to reflect the
current trends of society and the legal system.A policy shall be taken by CESA 8 to cover the computer
network and workstations of the agency.

An errors and omission policy should be in force by the agency to cover
all board members, administrators and employees.An appropriate deductible amount should be a part of the policy.

CESA 8 should have an umbrella policy to cover all aspects of a potential
loss to the agency.An appropriate
deductible amount should be a part of the policy.

All automobiles and other vehicles owned by the agency must be covered by
an insurance policy.All aspects of
such coverage shall be included in the policy.A reasonable deductible amount shall be a part of the policy.

Appropriate fidelity bond coverage will be secured for
all personnel responsible for CESA 8 funds. Coverage will be provided for the
Board of Control, Agency Administrator, Fiscal Manager and any other employees
or board members deemed necessary by the CESA 8 Board of Control.Wis. State Statues 116.03 (9)

CESA 8 shall have a boiler insurance policy to cover all aspects of this
operation.

INTERNAL SERVICES

The purpose of this policy shall be to establish procedures and
guidelines as to the competition with third parties in the delivery of services
to school districts and to improve the accountability of decisions of this CESA
to produce goods and services.This
policy is adopted by the CESA 8 Board of Control pursuant to the authority
vested in it at s.116.01, Wisconsin Statutes.

1.“Internal
Services” shall mean those governmental or proprietary services provided by
this CESA to other departments or agencies of the State of Wisconsin, the school
districts which it serves, or other governmental units on a cost-reimbursement
basis.Said definition shall
further be limited to those activities covered under Fund 60 as outlined in the
WCESAAS handbook.

2.“Vendor-like
Activities” shall be defined as being activities not directly instructional in
nature.

B.Development
of Internal Services Provision:

The development and provision of internal services may
occur upon determination of this CESA of persuasive evidence of both need and
desirability.In addition, before
being offered, such internal services shall have a reasonable commitment of
support, cooperation and participation by local school districts.The materials, supplies or services provided shall be of such a nature
and acceptable quality, price and quantity, among other factors, as based upon a
comparison with other providers, both public and private sector, as deemed to be
not readily available.

C.Process
of Establishing An Internal Service:

1.The
initiation of an internal service will customarily be upon the basis of a
perceived need of one or more member school districts.Upon communication of such need to the CESA, a determination whether or
not to fill said need shall be based upon consideration of the availability of
the service or materials through other suppliers and shall be reviewed by a
professional advisory committee, with notification made to member districts and
presentation to the CESA 8 Board of Control for approval.

2.Prior
to approval by the CESA 8 Board of Control, documentation shall be established
showing how the perceived need was expressed and the feasibility of service or
product evaluated and validated.Additionally,
data shall be filed projecting development costs and means of financing.Projects shall also include revenue and expenditure data showing the
maintenance of the activity over the assumed period of program duration.

3.Upon
approval of a project plan, the CESA 8 Board of Control shall assume
responsibilities for assuring strict adherence to the proposed plan and
dissemination of information as to that plan to member school districts.

D.Considerations
in Approving a Project Plan for Delivery of Internal Services:

1.Need
and availability assessment:It
shall be determined whether the material or service in question is an
improvement upon, as pertaining to such criteria as quality, quantity, price,
delivery or mode of administration, from those services or materials available
from other sources.

2.Accounting:The WCESAAS structure of fund accounting by function and object shall be
utilized for proper accounting of internal service activities.It is required that accurate reports be provided relative to the
following:

a.Segregation
of expenditures and revenue for each internal service, including both materials
utilized and personnel.

b.The
accounting procedures shall account for the cost of research, development,
promotion and distribution of material and/or service, when applicable.

c.Cost
effectiveness and projected balance of the internal service shall also be
demonstrated in the accounting system.

3.Promotion:Each internal service approved of pursuant to this policy shall be
promoted, the purpose of which promotion shall be to make school districts that
are potential beneficiaries thereof aware that such a service or materials
exist.

4.Periodic
Review:Whether an internal service
will continue to be provided shall be determined by the CESA 8 Board of Control
through the means of a periodic review of continued need and cost effectiveness.

5.Cost
Effectiveness:Each internal
service shall be self-supporting.When
an internal service is not immediately self-supporting, the Board of Control
shall take action to establish funding by loans from other funds.Continued failure of an internal service to become self-supporting shall
be a cause for its termination.

6.Accounting
Policy:Effective July 1, 1990, all
revenue and expenditures related to internal services shall be processed through
a separate enterprise fund.

7.Fund
Balance:A reasonable fund balance,
in the amount of carryover balances, shall be capable of being maintained with
respect to internal services.In
the event such carryover balances exceed a reasonable amount, this CESA shall
inform its member school districts of such carryover balances.Said information shall include, at a minimum, a copy of the CESA’s
annual report with the cover letter signed by the administrator and the Board of
Control chairperson.Said letter shall:
a.Detail
the amount of excess balance
b.Detail
the source of the excess balance;
c.Detail
the use of excess funds considered by the Board of Control; and
d.State
the Board of Control decision relative to the use of the excess funds.
e.Internal
Service Review Committee:

CESA 8 shall participate in an Internal Service Review
Committee to be established at the state level for purposes of implementing this
policy and to review individual internal service policies and activities.

INVOICING

The Fiscal Department will issue invoices monthly based on requests to
invoice turned in by the various program directors.The request to invoice states the service or product which is being
purchased, along with date of service, quantity and purchase order number, if
applicable.The request to invoice
should be signed by the program director and Agency Administrator.The invoices will be processed in the Fiscal Department under the
direction of the Fiscal Manager.Districts
are expected to pay their invoices within 30 days of receipt.Accounts receivable will be reconciled on a regular basis to make sure
invoices are collected in a timely basis.

Invoices
for contracted services will be sent to school districts by the end of July of
each year.The invoices will
request a ten (10) month pay period, payment to be paid August 31 – May 31.School districts have the option to pay bills earlier than
the monthly payment schedule if they choose to do so.

Invoices
for EEN contracted services will be sent to school districts by the end of July
of each year, based on thirty (30) percent of the budgets.Payments to be paid August 31 – October 31.In October the special education department will revise the
EEN budgets based on staffing and enrollments.Then the remaining seventy (70) percent of the budgets will be invoiced
by October 31.The remaining seven
(7) payments to be paid November 30 – May 31.At the end of the school year, a final invoice or credit memo will be
prepared to zero out the program accounts.Refunds to school districts will be paid within ninety (90) days of June
30, after accounts have been reconciled.

All
invoicing for any CESA 8 service or product must take place through the Fiscal
department.

LOANS
TO EMPLOYEES

The CESA 8 Board of Control prohibits all loans of any
type to Agency employees by anyone having access to Agency funds.

For the purposes of this policy, a loan is defined as any
advancing of money to any employee, in any manner.

PETTY
CASH ACCOUNT

The Board of Control authorizes the agency to have a petty cash account
up to the amount of $100.00.The
petty cash account is to be utilized to purchase small items or services, which
do not require a purchase order to handle incidental needs.All purchases in the petty cash account need to have a receipt, and the
expenditures classified and charged to the proper account as per the WCESSAS
system.

The petty cash account is held by the Office Manager and monitored by the
Fiscal Manager on a regular basis.Expenditures
of the petty cash account are subject to the review of the Agency Administrator
and the Board of Control.

PURCHASING

The function of purchasing is to serve the educational
programs by providing the necessary supplies, equipment, and services. The CESA
8 Board of Control declares its intention to seek maximum educational value for
every dollar expended. A contract orpurchase
order shall be used to carry out purchasing activities.

The CESA 8 Board of Control assigns the program director
the responsibility for the quality and quantity of purchases made. The prime
guidelines governing this responsibility are that all purchases fall within the
framework of budgetary limitations and that they be consistent with the approved
educational goals and program grants of the Agency.Said purchases shall also be consistent with the individual program goals
of the district participants in the program.The Fiscal Manager will make sure the funds are available for the
specific purchase within the program.The
Agency Administrator will have final approval of the purchase.

PURCHASING
CRITERIA:

1.Best
possible quality.

2.Lowest
possible cost.

3.Specification
of the user.

4.Availability
when needed.

5.Least
possible expenditure of time to acquire the purchase.

If all things are equal, consideration should be given to purchasing
items and materials from communities of the school districts of the agency.Preference should also be given to purchasing items from
within the state before buying from companies outside of the state.

When goods have been received by the department, that department would
submit to the Fiscal department a voucher approval (filled out and signed by the
appropriate personnel), the invoice and a copy of the purchase order indicating
that these goods have been received and the date of receipt.The person receiving the goods shall check to see that all items sent are
received and in good condition.

RECEIPTING
OF MONEY

It is necessary to have a system of checks and balances for the
receipting of money.The personnel
assigned to receipt checks or cash received, deposit the revenue and record the
receipt into the accounting system will be done under the supervision of the
Fiscal Manager.The revenue will be
recorded to the correct account based on the WECESSAS accounting system on a
monthly basis.

Advance registration fees will be deposited as soon as they are received
directly through the Fiscal Department.Departments
that collect fees from participants in various conferences and/or workshops, the
day of the workshop, will be issued receipt books from the Fiscal Department.Department personnel will receipt the participant’s money and then turn
the checks and/or cash directly to the Fiscal Department.Fiscal personnel will then give a copy of the receipt back to the
department personnel for their records.

RECORDS
RETENTION

CESA 8 will follow the “Wisconsin Records Retention
Schedule for School Districts” which is put out by the Wisconsin Department of
Public Instruction for recommendations on time-lines for records management.

Confidential records should be shredded before disposed.

RENTAL
INCOME

At times, CESA 8 may receive income from the rental of materials,
equipment or the use of the building.Such
receipts will be considered local income.The
income received will be credited to the appropriate account of the WCESAAS
system.

All requests for rentals by CESA 8 will be approved by the Agency
Administrator and reported to he Board of Control.Any questionable rental requests will be approved by the Board of
Control.

REVENUES
FROM INVESTMENTS

The CESA 8 Board of Control considers an investment
program to be a critical ingredient of sound fiscal management. Therefore, the
CESA 8 Board of Control authorizes an investment program for the purpose of
securing revenues in support of the Agency's educational programs.

The investment program shall be administered in a way
that will ensure:

1.A
continuous process of temporary investing of all moneys available for investment
purposes.

2.The
Fiscal Manager should investigate interest rates from a minimum of two (2)
financial institutions located within the CESA 8 service area.

3.That all Agency investments will be made in compliance with the law.Permitted investments include:

a.Certificates
of deposit with maturities of one year or less (maturity should occur before
June 30 of current year) in financial institutions which are financially secure
and whose deposits are insured by the FDIC or its equivalent and are authorized
to do business in Wisconsin.

b.Other
securities (i.e.:commercial paper)
which mature or may be tendered for purchase not more than one year of the date
of acquisition, provide the security has a rating assigned by Standard &
Poor's Corporation A1 rated, or Moody's Investors Service P1 rated.

The CESA 8 Board of Control authorizes the Fiscal Manager
to direct all activities associated with the investment program in such manner
as to accomplish the objectives of this policy.

The Fiscal Manager shall be authorized to execute, in the
CESA 8 Board of Control's name, any or all documents relating to the investment
program in a timely manner and to confer with reputable consultants regarding
investment decisions when deemed necessary.

Investments will be approved by the Agency Administrator
with the input of the data which the Fiscal Manager has collected appropriate to
an investment.

Salaries/Fringe
Benefits

The Board of Control will determine the salaries and fringe benefits for
the employees of CESA 8.All
payments of salaries and fringe benefits of the employees of CESA 8 shall be
made in accordance with the WCESSAS accounting system.All necessary reports regarding these payments shall be completed and
submitted as per Wisconsin and Federal laws by the Fiscal Department.

SALE
OR DISPOSAL OF AGENCY EQUIPMENT AND MATERIALS

Occasionally it is necessary for the Agency to sell or
dispose of surplus or obsolete equipment and materials. Prior to any sale or
disposal, the Fiscal Manager, or his/her designee, will determine if items have
trade-in value toward replacement items, or if items can be used in other
programs within the Agency.

Surplus or obsolete items of estimated value less than $500 will be sold or
disposed of by the Fiscal Manager, or his/her designee, in a manner deemed
appropriate.The sale or disposal
of such items will first be offered to school districts within the agency before
it is made available to the general public.

Surplus or obsolete items of estimated value greater than $500 will be brought
to the attention of the Agency Administrator and the CESA 8 Board of Control and
the Board shall determine the method of sale or disposal and give final
approval.

All funds received from the sale of Agency equipment and materials shall be
deposited in the appropriate fund revenue account.

SHORT
AND LONG TERM BORROWING

A.
Short
Term Borrowing

CESA 8 does not have any taxing authority and upon
specific permission from the CESA 8 Board of Control, a given amount may be
borrowed for short term purposes to meet current operating expenses. At no time
shall the amount borrowed exceed 10% of the prior year's receipts for expenses
incurred during the contracted year.

B.Long Term Borrowing

CESA 8 shall follow State Statutes on long term
borrowing.

UNEMPLOYMENT
COMPENSATION BENEFITS

Unemployment compensation benefits paid by the Agency or
by a host district under a package contract with the Agency shall be paid by the
users on the same formula basis as was used to divide the program costs during
the time the program was operated.

When programs are merged, all districts involved in
the programs prior to the merger shall share resulting unemployment compensation
costs.